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Market Impact: 0.08
Happen Bank Now Pays 4.20% APY on Savings -- 11X the National Average
Source: fool.com
Banking & LiquidityInterest Rates & YieldsConsumer Demand & Retail
Happen Bank raised the annual percentage yield on its LevelUp Savings account to well above the average bank rate. The highest APY is conditional on customers making at least $250 in monthly deposits, limiting the benefit to qualifying savers. The update is a retail deposit-product change with minimal broader market impact.
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